Austen Cargill II | Great-Grandson of William Wallace Cargill – Cargill

Net worth: $49 billion

One of the nine billionaire heirs to Cargill, Austen Cargill II, who has a net worth of $2.8 billion, served as a vice president of the family business, Cargill Inc. until he retired in 2001. Cargill Inc. was founded by his great-grandfather, William W. Cargill, as a single grain warehouse in Conover, Iowa, in 1865. Cargill Inc. had revenue of $115 billion in the year to May 2020 and paid $11 billion of dividends to stockholders in the same period. In November 2020, the Minnetonka-based agribusiness announced a significant investment in the Seventure Partners and a $25 million investment in BioGaia, a Swedish company making probiotic ingredients for baby products.

Before he was an executive of the Cargill business, Austen earned his Ph.D. in Oregon State University and worked as a marine biologist for the company. In 2001, he bought the North Ranch in Paradise Valley, Montana, formerly owned by the Church Universal and Triumphant. Austen, divorced and a father of two children, is currently residing in Livingston, Montana, although he does ruffed grouse hunting in South Dakota.